Warehouse with Grade-Level OH
For Sale
Contact for pricing
399 N M L King Jr Pkwy, Beaumont, TX 77701
Warehouse includes eight grade-level overhead doors, fire sprinklers, and fenced yard with gate-controlled entries.
Property Size15,614 SF
Price / SF$108.88
Days on Market378
Property Features for 399 N M L King Jr Pkwy
General Information
Standard status
Active
Size
15,614 SF
Total Parking Spaces
7
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
8
Heavy Power
Yes
Sprinkler System
Yes
Amenities
flag poles
electric gate entries
Listing Agency:
J.M. Prewitt Company
(409) 658-1189
Listed By:
J Milton Prewitt, SIOR
(409) 658-1189
Source:
Moodyscre
Added: Jul 21, 2025
Changed: Jul 26
Last Checked: Jul 26 at 11:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J.M. Prewitt Company
Investment Insights
Based on property information with market context.
This warehouse offering features eight (8) at-grade overhead doors, a 3-phase electrical service, and fire sprinklers throughout. The property also includes a fenced site with electric gate entry and three flag poles, along with on-site parking for visitors and staff.
Site parking is available with five spaces at the front door, plus two private, secured, and covered parking spaces accessed off of Broadway. The property is described as centrally located with easy access to Interstate 10, and it benefits from reported traffic counts on M.L. King, Jr. Parkway.
The site is zoned GC-MD on M.L. King, Jr. Parkway and HI on 1st Street, providing documented flexibility based on frontage/lot line zoning.
Site parking is available with five spaces at the front door, plus two private, secured, and covered parking spaces accessed off of Broadway. The property is described as centrally located with easy access to Interstate 10, and it benefits from reported traffic counts on M.L. King, Jr. Parkway.
The site is zoned GC-MD on M.L. King, Jr. Parkway and HI on 1st Street, providing documented flexibility based on frontage/lot line zoning.
Key Highlights
- Warehouse with (8) grade‑level overhead (OH) doors
- Fire sprinkler system and 3‑phase electrical service
- Fenced yard with electric gate entries and gate‑controlled access
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.3k | $10.20 |
| − Vacancy | −$10.4k | −$0.66 |
| EGI | $148.9k | $9.54 |
| − OpEx | −$22.3k | −$1.43 |
| NOI | $126.6k | $8.11 |
15,614 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,574 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,118 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77701, TX
13,232
Population
5,755
Households
2.3
Avg Household Size
37
Median Age
8%
College-Educated
73%
High-School Grad
6.9 sq mi
ZIP Area
1,918
Density / Sq Mi
$48,711
Median Household Income
$31,347
Median Earnings
$952
Median Rent
$79,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes eight grade-level overhead doors, fire sprinklers, and fenced yard with gate-controlled entries.
Where is this warehouse located?
The property is located at 399 N M L King Jr Pkwy Beaumont, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Warehouse with (8) grade‑level overhead (OH) doors; Fire sprinkler system and 3‑phase electrical service; Fenced yard with electric gate entries and gate‑controlled access
